Mkango Resources Ltd (UK) (TSE:MKA) has released an update.
Mkango Resources Ltd.’s subsidiary Maginito and CoTec Holdings Corp. have tasked BBA and PegasusTSI with completing a Feasibility Study for HyProMag USA’s rare earth magnet recycling plants in the United States. The study, set to conclude in H2 2024, will design a sustainable supply chain for neodymium/iron/boron magnets crucial for low carbon technologies. This initiative, supported by HyProMag’s innovative recycling technology, aims to establish the U.S. as a key player in the environmentally friendly rare earth magnet sector.
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